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Search Results 0 to 22 of about 23 (some duplicates have been removed)
growth. and conflict with iran could push up energy prices. erika miller, "n.b.r.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a couple of things. first he's going to call on others to help him. first es he going to call on the congress to do two things. one, avoid the sequester, avoid the job cuts that will come from the sequester. and come to a balanced program on putting budget issues on the sidelines for the rest of this year. two, pass immigration reform so people have confidence, migrant workers have confidence, or security improves, so es's going to ask the congress. second he's going call on business whose balance sheets are in very good shape. he's going to say
was localized in the energy sector, falling 1.1%. the financial sector fell just 0%. as i mentioned, this afternoon, a news report about wal-mart hit the broad market and wal-mart shares as well. an executive at the world's largest retail called february sales, quote, "a total disaster," end quote, according to bloomberg. the report said an internal email blamed the slow start to february sales on the increase in the payroll tax that took effect at the first of the year. that had the effect of cutting worker's take home pay by 2%. wal-mart shares fell 2.2%. volume tripled. wal-mart does not publicly report monthly sales figures but e executive's email contends it's the worst start to a month in at least seven years. but worries over wal-mart's sales hit other retail stocks. sears holdings dropped 2.3%. target fell 1.6%. discounter dollar general was down 1.5%. a few other consumer-oriented companies were in focus. the firm behind well known fashion brands like lee jeans, vans shoes and north face jackets had improving profit margins and earnings last quarter. v.f. corporation's outl
, the same fund partnering with warren buffett to buy heinz. energy exploration company apache continued putting pressure on the energy stock sector, after reporting disappointing results for the fourth quarter in a row and a problem with an offshore well.st apache fell another 4.3% on heavy volume. the stock has fallen $7.50 per the company shut in an exploratory shallow water well in the gulf of mexico after detecting an underground flow of natur gas. regulators said it appears the company acted properly.at gold is at its lowest price since august tonight, aftery. falling $26 per ounce dato down more than 1.5% settling bojuda astve $1,600 an ounce. a late yesterday in a filing, billionaire hedge fund manager orge sgeos disclosed selling s about $100 million of its position in a gold exchange traded fund in the third quarter last year. four of the five most active traded exchange traded products were lower. the russell 2,000 tracking fund eeked out a small gain. and that's tonight's market focus. >> tom: yes, the u.s. stock market remains near five year highs but for real growth, tonigh
increased their spending last month, partly because of higher taxes, and energy prices. retail sales edged up just 0.1% in january. that's much less than in december. should investors be concerned about weak consumer spending? erika miller reports. >> reporter: consumer spending is watched closely, because it accounts for roughly 70% of economic growth. unfortunately, the latest reading on retail sales is not encouraging. the measley 0.1% gain in january was the smallest increase in three months. even core retail sales, which strips out volatile categories, ticked up just 0.2%. consumers have been cutting back on purchases of cars, clothing, and furniture. but sales did rise at home- improvement stores, gas stations and online retailers. part of the problem is rising prices at the pump. regular unleaded has soared $0.30 a gallon, on average nationwide, in the past month. but more importantly, nearly every working american is taking home less pay this year because of higher payroll taxes. mastercard advisors says there's been a drop in spending across all income levels. >> it's off a cliff.
at big sector movers: telecom stocks were hardest hit, falling 2%. but on the plus side, energy rose slightly. now, let's take a look at some of the day's big earnings reports. whole foods posted a 24% gain in first quarter profits. both sales and margins also improv. but the stock wilted, falling nearly 10% to $87.50. and that's because the company warned of weaker sales and margins for the rest of this year. but that decline was small potatoes compared to the big drop in weight watchers stock, down 17%. earnings plunged in the fourth quarter due to higher costs as well as thinner attendance at its weight loss meetings. the company also warned earnings this year will be far below expectations. "angie's list" was a huge gainer. check out this chart! the company surprised wall street by reporting a fourth quarter profit insteadf a loss. that pushed the stock up more than 20%. the online review site was able to cut costs while boosting revenues. angie's also expects first quarter sales to come in ahead of estimates. skechers also swung to a fourth quarter profit thanks to big gains in
Search Results 0 to 22 of about 23 (some duplicates have been removed)